| Schedule of Segment Reporting Information |
The following table presents Net (Loss) Income:
| | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | (in thousands) | | Revenues: | | | | | | | | | Rental income | $ | 265,330 | | | $ | 266,244 | | | | | | | Other property income | 4,723 | | | 4,600 | | | | | | | Total revenues | 270,053 | | | 270,844 | | | | | | | Expenses: | | | | | | | | | Property expenses | 59,283 | | | 58,714 | | | | | | | Real estate taxes | 28,782 | | | 28,365 | | | | | | | Ground leases | 3,187 | | | 3,020 | | | | | | | General and administrative expenses | 20,699 | | | 16,901 | | | | | | | Leasing costs | 3,010 | | | 2,873 | | | | | | | Depreciation and amortization | 94,344 | | | 87,119 | | | | | | | Total expenses | 209,305 | | | 196,992 | | | | | | | Other Income (Expenses): | | | | | | | | | Interest income | 954 | | | 1,134 | | | | | | | Interest expense | (38,511) | | | (31,148) | | | | | | | Other income (expense) | 389 | | | (157) | | | | | | | Gains on sales of depreciable operating properties | 23,525 | | | — | | | | | | | Impairment of real estate assets | (61,778) | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total other expenses | (75,421) | | | (30,171) | | | | | | | Net (loss) income | $ | (14,673) | | | $ | 43,681 | | | | | |
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